MRO - 5 Essential Elements to Unlocking Profitability From Your Storeroom

Most manufacturing organisations are littered with a high volume of low value items in the category of Maintenance, Repair and Operating spares and consumables (MRO). In essence it's the `oil for the engine' - absolutely critical for productivity but often overlooked as companies focus cost-cutting efforts on capital spending and direct materials rather than MRO. As a consequence the category isn't top priority from a strategic perspective. What does bring MRO onto the boardroom agenda is the realisation that MRO can equate to a hefty percent of total spend. In `5 Essential Elements to Unlocking Profitability from your Storeroom', we suggest how you can deliver a significant and sustainable bottom line impact by focusing on what you can control - your consumption.

Source: http://EzineArticles.com/6310932

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